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#1750 - 05/11/01 03:34 PM ACH Authorization
Michele Petry Offline
New Poster
Joined: May 2001
Posts: 7
Does anyone have a copy they would be willing to share of the ACH Authorization form and approval letter used when establishing a customer on automatic debits for payments on an outstanding loan?

Do you continue to send monthly statements even though the customer is set up on ACH, and if no what method do you use to notify if there is a change in payment amount?

[This message has been edited by Anonymous (edited 05-11-2001).]


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#1751 - 05/12/01 04:02 AM Re: ACH Authorization
Al Miller Offline
Diamond Poster
Al Miller
Joined: Oct 2000
Posts: 2,416
Pleasanton CA USA
I tried to e-mail you a copy, but our system refuses to send e-mail to "Anonymous"

I guess your bank will have to hire an attorney to draft the authorization since they don't want anyone to know their employees need assistance from time to time like the rest of us.

------------------
Al Miller, CRCM
Fremont Bank (CA)
(510) 790-5825
(510) 505-5211 FAX

Opinions expressed are my own and not necessarily shared by my employer.

_________________________
Al Miller, CRCM
Opinions expressed are my own and not necessarily shared by my employer.

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#1752 - 05/11/01 05:15 PM Re: ACH Authorization
Michele Petry Offline
New Poster
Joined: May 2001
Posts: 7
It isn't that the bank doens't realize we need help. It was more being new to the format, I wasn't aware sharing of email was the standard or a requirement since I had seen several unregistered or anonymous posts.

Thanks anyway for making me feel welcome.


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#1753 - 05/11/01 06:07 PM Re: ACH Authorization
Tonya Schomaker Offline
Junior Member
Tonya Schomaker
Joined: Oct 2000
Posts: 46
Sioux Falls, SD 57104
Al - If you don't mind, I would appreciate an email with a copy of your materials.
_________________________
The opinions expressed are my own and do not reflect the views of my employer.

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